Geneos Wealth Management Inc. Has $837,000 Position in General Dynamics Co. (NYSE:GD)

Geneos Wealth Management Inc. increased its position in General Dynamics Co. (NYSE:GD) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,961 shares of the aerospace company’s stock after buying an additional 238 shares during the quarter. Geneos Wealth Management Inc.’s holdings in General Dynamics were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GD. Signaturefd LLC grew its position in shares of General Dynamics by 3.2% during the 1st quarter. Signaturefd LLC now owns 4,707 shares of the aerospace company’s stock worth $1,330,000 after buying an additional 147 shares during the period. FDx Advisors Inc. grew its position in shares of General Dynamics by 26.5% during the 1st quarter. FDx Advisors Inc. now owns 2,830 shares of the aerospace company’s stock worth $799,000 after buying an additional 592 shares during the period. Gold Investment Management Ltd. grew its position in shares of General Dynamics by 2.0% during the 1st quarter. Gold Investment Management Ltd. now owns 5,825 shares of the aerospace company’s stock worth $1,646,000 after buying an additional 116 shares during the period. Catalina Capital Group LLC bought a new position in shares of General Dynamics in the 1st quarter worth $238,000. Finally, Avidian Wealth Solutions LLC lifted its holdings in shares of General Dynamics by 5.1% in the 1st quarter. Avidian Wealth Solutions LLC now owns 3,146 shares of the aerospace company’s stock worth $889,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GD. Argus increased their target price on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Citigroup increased their target price on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. BTIG Research began coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price on the stock. Sanford C. Bernstein increased their target price on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Finally, Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $305.56.

General Dynamics Stock Performance

Shares of General Dynamics stock traded up $2.24 during trading hours on Thursday, hitting $284.15. 934,157 shares of the company’s stock traded hands, compared to its average volume of 1,054,298. General Dynamics Co. has a 12-month low of $212.58 and a 12-month high of $302.75. The stock has a market capitalization of $77.96 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.60 and a beta of 0.60. The company has a fifty day simple moving average of $293.69 and a 200-day simple moving average of $279.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the business posted $2.64 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that General Dynamics Co. will post 14.56 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Insider Buying and Selling

In other General Dynamics news, Director Leon Rudy F. De sold 2,570 shares of General Dynamics stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the transaction, the director now owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other General Dynamics news, Director Leon Rudy F. De sold 2,570 shares of General Dynamics stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the completion of the transaction, the director now owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,486 shares of company stock valued at $34,391,642. 1.60% of the stock is owned by insiders.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.